NewEdge Wealth LLC Acquires New Position in ONEOK, Inc. $OKE

Key Points

• NewEdge Wealth acquired 13,598 ONEOK shares worth approximately $1.18 million in the second quarter. Institutional investors and hedge funds collectively own 69.13% of the company.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $91.94, although ratings range from Strong Buy to Hold.
• ONEOK reported quarterly EPS of $1.53, exceeding the $1.46 consensus estimate, and pays a quarterly dividend of $1.07 per share, representing a 4.6% annualized yield.

NewEdge Wealth LLC acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,598 shares of the utilities provider's stock, valued at approximately $1,182,000.

A number of other large investors have also recently modified their holdings of OKE. Zions Bancorporation National Association UT raised its holdings in shares of ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider's stock worth $25,000 after buying an additional 143 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in ONEOK in the fourth quarter valued at about $29,000. Cornerstone Financial Management LLC bought a new position in ONEOK in the fourth quarter valued at about $29,000. Portus Wealth Advisors LLC bought a new position in ONEOK in the first quarter valued at about $33,000. Finally, Wilkerson Advisory Group LLC raised its stake in ONEOK by 51.4% during the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider's stock worth $35,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OKE. Wall Street Zen upgraded shares of ONEOK from a "sell" rating to a "hold" rating in a research note on Sunday, August 9th. Freedom Capital upgraded shares of ONEOK from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. Royal Bank Of Canada boosted their target price on shares of ONEOK from $84.00 to $90.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 21st. Raymond James Financial reiterated an "outperform" rating and issued a $92.00 price target on shares of ONEOK in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on ONEOK from $91.00 to $92.00 and gave the company a "neutral" rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.94.

More ONEOK News

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: US Capital Advisors raised its EPS forecasts across multiple periods, including Q3 2026 to $1.56 from $1.45, FY2026 to $5.90 from $5.67, FY2027 to $6.36 from $6.12, and FY2028 to $7.22 from $6.97. The firm’s FY2026 estimate is above the $5.82 analyst consensus, suggesting stronger expected operating performance. MarketBeat ONEOK analyst estimates
• Positive Sentiment: The revisions also lifted forecasts for Q1 through Q4 2027, indicating that US Capital Advisors expects ONEOK’s earnings growth to continue beyond 2026.
• Positive Sentiment: Recent commentary describes ONEOK as a high-yield pipeline stock whose ongoing strength may be underestimated by investors, supporting the long-term income and growth narrative. High-Yield Pipeline Stock Investors Keep Underestimating
• Neutral Sentiment: Analysts maintain a consensus “Moderate Buy” rating for OKE, while Morgan Stanley has indicated that the stock could rise. These views provide support but do not represent new company-specific operating results. ONEOK Consensus Rating Morgan Stanley ONEOK Price Outlook
• Negative Sentiment: US Capital Advisors downgraded ONEOK from “Strong Buy” to “Moderate Buy.” Although the firm raised its earnings estimates, the less-optimistic rating may be pressuring the stock today, particularly after OKE’s recent strong run toward its 52-week high. Zacks ONEOK rating update

ONEOK Stock Down 1.2%

Shares of NYSE OKE opened at $93.43 on Friday. The company has a 50 day simple moving average of $90.09 and a 200 day simple moving average of $88.20. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $97.90. The firm has a market cap of $58.90 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 2.64 and a beta of 0.73.

ONEOK (NYSE:OKE - Get Free Report) last posted its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.07. The firm had revenue of $12.05 billion for the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same period in the previous year, the firm posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, research analysts forecast that ONEOK, Inc. will post 5.84 EPS for the current year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK's dividend payout ratio (DPR) is currently 73.79%.

ONEOK Company Profile

ONEOK, Inc NYSE: OKE is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK's asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.

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